Nigeria Woos Korean Investors As Seoul Highlights Youth Initiatives
Michael Olugbode in Abuja Nigeria has urged South Korean companies to increase investment in manufacturing, agriculture, technology and shipbuilding, seeking to leverage Korea’s industrial expertise to boost local production, create
Nigeria is making efforts to attract Korean investment, particularly in manufacturing, agriculture, technology and shipbuilding. Chief of Protocol Babagana Wakil, representing Minister of Foreign Affairs, urged South Korean firms to tap into Korea's industrial expertise to boost local production and create jobs. The appeal came during a reception to mark Korea's National Day in Abuja.
Korean Ambassador Jeong Yoan highlighted youth entrepreneurship initiatives, education and agricultural employment as priority areas. KOICA, SMEDAN and UNDP broke ground on an Abuja Centre for Entrepreneurship to support young entrepreneurs. The Smart School project reached 8,000 children and trained over 300 teachers and school leaders.
KOICA and FAO are implementing green jobs initiatives for young Nigerians. Approximately 2,000 Nigerian officials have received training in Korea. Korean companies such as Daewoo Engineering & Construction, LG, Samsung, Hyundai and Solpia operate in Nigeria's energy, manufacturing, clean water and digital technology sectors. The Korean Embassy, with KOTRA, will continue to promote investment, technology transfer and local employment.
Nigeria and South Korea established diplomatic relations in 1980, and the relationship spans trade, investment, education and technical assistance.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
